Are banks fabricating positive numbers to boost up stock price?

how do you go from brink of bankruptcy to great profits in 2-3 months? what did they do with all their billions of losses and mortgages not paid back?


it is sooo bogus. they are trying to cheat more investors out of their money.Are banks fabricating positive numbers to boost up stock price?
Many companies do this.Are banks fabricating positive numbers to boost up stock price?
I don't think this is fabrication. They just passed a new way for banks to value assets.





Also, they are being careful and not going for risky investments.





Take into account that some of these banks are quite large and diversified in their own right. Some deal internationally. Some have TARP money.





Check their financials. IMO many of these banks are nowhere near going bankrupt. Unlike Mike Mayo's idiotic opinion.





Good Luck!
it all depends on the value of the bank's loans. it is not an easy question to answer. if there is a ready liquid market for these loans then we know the market value and the bank has to ';mark to market'; and change the value of the loans and if that incurs a loss it has to show that loss in its income statement. when the market is usurped by government plans to purchase the loans at a fixed price then that fixed price goes into the financial statements and changes both the balance sheet and the income statement.
Because we're talking about two different kinds of financial statements here. They were bankrupt on their BALANCE SHEETs because they had to mark-to-market, and since there was no market for some of their assets, they were valued zero.





But what was reported today by Wells comes from their INCOME STATEMENT, and they had a profit because they had more income than expenses.
Banks are making money the traditional way....by LENDING. I think that the profit that they report for the first quarter is legit.....while the losses that they have on their books is also legit. Rather than focusing on how they are cheating investors and the taxpayer's out of money....remember it was the american taxpayer that signed their name to mortages that they couldn't afford......so it is your fellow americans that have CHEATED you and i out of money.......no one held a gun to these people's heads or forced them to not read the fine print. they put us in debt, the banks just capitalized on the product....AND NO ONE COMPLAINED......when times were good. Banks, believe it or not, are the life-line to our economy. Without them, there would be no such thing as: house loans, car loans, student loans, retailer loans...which means no future product, as well as centers for you and i to collect interest on sustain life, and lastly for other countries to have faith in where they park their money in our system....a collapse of our banking system is sooooo much dire than a crash of google or home depot.....so as you think you are being CHEATED by the financial institutions in our country....it is EVERYONE'S GREED....and i mean EVERYONE'S....that accounted for the state that we are in. The banks will lead us out of this......or.......we will be in this state for the next ten-fifteen years. They are the scapegoats because politicians, regulators and the american people can't blame other americans....soooo....let's blame 19 large institutions. how convenient!!!
I may be naive, but after Enron the spotlight is on big business and I can't see any corporation or its corporate auditor putting its reputation (and freedom) on the line doing that.